Which of the Following Statements Is True About Information Systems

question 51

Multiple Choice

Which of the following statements is true about information systems (IS) planning functions?

• A)The chief operating officer (COO)is the sole representative for IS and IT issues within the executive staff.
• B)The steering committee represents the IS department exclusively in high-level discussions.
• C)The information systems (IS)department's priorities are developed by the chief executive officer (CEO).
• D)The chief executive officer (CEO)and other executive staff decide the membership of the steering committee.

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Definitions:

Raw Materials

Basic materials that are used in the production process of manufacturing goods, including metals, oil, grains, and other commodities.

Cash Discounts

Incentives offered by sellers to buyers for paying their invoices early, typically a percentage reduction in the invoice amount.

Cash Budget

A forecast of cash receipts and disbursements for the next planning period.

Pro Forma Statement

A financial statement based on hypothetical scenarios or assumptions, used for planning and decision-making purposes.